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Shein Sets Hong Kong IPO Price at HK$48.56, Valuing Fast-Fashion Giant at $26.5 Billion
Shein will price its Hong Kong IPO at HK$48.56 per share, people familiar with the matter said Thursday. The price sits near the midpoint of its HK$47.60 to HK$49.50 marketed range. The deal values Shein at roughly $26.5 billion, confirming weeks of investor pushback on valuation. Final Pricing Details Shein’s pricing will raise approximately HK$13.6…
Shein Targets $27B (£20B) Valuation in Long-Awaited Hong Kong IPO, Raising to $1.8B
Shein launched its Hong Kong IPO on Monday, August 24, 2026, targeting a valuation of up to 27billion.Thefast-fashionretaileraimstoraiseasmuchasHK13.86 billion, or 1.77billion.ShareswillpricebetweenHK47.60 and HK$49.50 apiece. IPO Structure and Timeline Shein is selling 280 million Class B shares in the offering. The company will confirm its final IPO price on August 31, 2026. Trading on the Hong…
Fifth Third Backs Payload’s $500M Monthly Payments Platform on August 23
Fifth Third Bank invests in Payload, an embedded payments platform processing $500M monthly. The deal marks Payload’s first outside capital since 2019 and expands payment options across industries.
Moderna Soars 122% on Melanoma Vaccine Breakthrough, August 21
Moderna stock jumps 122% after announcing its personalized mRNA melanoma vaccine met Phase 3 trial goals. The vaccine reduced cancer recurrence and spread when combined with Merck’s Keytruda.
Dutch Bros Buys Salad and Go’s 70 Arizona, Nevada Locations for $105M
Salad and Go files Chapter 11 bankruptcy, closing 70 Arizona and Nevada locations. Dutch Bros acquires assets for $105 million and will convert sites to coffee shops.
Former NRL Star Luke Bateman Testifies Gambling Firms Offered Him Cocaine at Senate Inquiry
Former NRL player Luke Bateman alleged gambling companies supplied him with cocaine and alcohol during VIP events while he lost $1 million to problem gambling. His testimony at a Senate inquiry is intensifying pressure for tougher betting laws.
Trump’s ICC Policy Escalates as Prosecutor Khan Ousted July 25
Trump’s State Department vows to dismantle the ICC brick by brick. The court votes to remove prosecutor Khan over misconduct. UK faces pressure as fourth-largest ICC donor.
Supreme Court Strips Independent Agencies of Firing Protection, July 24
Supreme Court’s Trump v. Slaughter ruling lets the president fire independent agency heads without cause, overturning Humphrey’s Executor. Federal Reserve kept its independence in Trump v. Cook.
Mark Cuban Calls for Stock Ownership From CEOs to Janitors to Reduce Wealth Gaps
In July 2026, billionaire entrepreneur Mark Cuban reignited the conversation around wealth inequality by suggesting that company stock should be available to every employee, from CEOs to janitors. He believes people who help a business grow should share in its success instead of earning only a salary. His comments come as executive pay continues to…